FAQ

Learn how to Trade

Last updated on 26-Nov-2014

EU residents: Certain aspects of ZuluTrade services are different for clients trading in accordance to EU legislation (EU residents or holders of Brokers collaborating with ZuluTrade EU). Please see here for details.

What is ZuluTrade?

ZuluTrade bridged the gap between valuable information in money markets and trade execution, by converting the advice of professional and talented traders globally to an executed trade rapidly and automatically in your account (from supported brokers)

There was a time when trading was a headache. Not anymore! You don't have to study or monitor the market, because hundreds of Trader from all over the world are doing it for you. All you have to do is pick the Traders you like, and ZuluTrade will quickly convert their advice into live trades in your trading account directly with the broker.

How do I get started?

All you have to do is provide ZuluTrade with the name and account number of the brokerage firm you're trading with. To bridge the experts' advice with your broker account, you will need to provide consent to your Broker (normally by agreeing or signing an agreement or Letter of Direction).

If it is the first time that you will trade online or you never had an on-line trading account with one of the brokers we support, then the first step is to open a new account. Click here to open one now in just 5 minutes.

I already have an account with one of the dealing brokers you support. What is the next step?

Click here and follow the wizard. When your broker notifies you that the change has been made, you will receive an email from us that you are ready to start using ZuluTrade. This process will take a maximum of 2 days.

I do not want to open a new account, and I don’t want to sign any forms, even though there is not any cost involved with it. I prefer to use my existing account with the broker I’m trading with, without any changes. Is this possible?

No. By signing the RB form, you enable ZuluTrade to receive commissions from the broker or dealer you have an account with, and most importantly for ZuluTrade to pay the Traders that are generating the trades being executed in your account. So if you do not wish to sign the RB form with the existing account, the alternative is to open a new account with your broker by signing the same RB form for that new account.

Please click here to fill in the signup form. We will then automatically send you your login details to begin autotrading with our platform. Accounts are usually activated within 3-5 days.

How long does it take to open a new account with my existing broker?

It only takes 1 day. Most brokers – if you already had an account with them, do not require duplicate proof of records, and will provide you with a new account number. Don’t forget to tell them that your Referring Broker is ZuluTrade. Click here to open a broker account already setup with ZuluTrade.

I don’t have a trading account with the brokers you support. Is that a problem?

No. You can open a new account already set up with ZuluTrade now by clicking here.

Can I open my account in different base currency than USD?

Yes. You can choose between USD, JPY, EUR, GBP and AUD.

What is a lot?

A standard lot is a buy or sell size. If you buy 1 lot of EUR/USD, trading at 100:1 leverage then you buy 100,000 EUR/USD. But since you’re trading with 100:1, the leveraged value is 1,000 EUR/USD or 1 standard lot. If you trade a mini lot, then you buy 10,000 EUR/USD and the leveraged value is 100 EUR/USD or 1 mini lot.

Who are these Traders? How did you pick them?

How are Traders ranked?

Forex Traders appear in the Performance Table ranked according to the ZuluRank algorithm, based on their performance results.

If you want to find out more about the way ZuluRank is calculated, please click here!

How do I control the number of lots and the number of positions a Trader opens on my account?

When logged into your account at ZuluTrade, go to your account settings page. From there select the ‘max open lots’ drop down menu’, this allows you to set the number of total lots you wish a Trader to have open at any one time, before he can open any more lots. Also, next to each Trader's name you have selected, there is a drop down selection called ‘lots’. This pertains to the number of lots to be traded on each individual trade. For example: if you wish each Trader to trade with 2 lots per position, but wish there to be no more than 2 trades
open at a time. Then you would set max open lots to 4, and number of lots next to your Traders name to 2.

How do you sign up to be a Trader and/or an affiliate?

Do you offer institutional accounts?

Yes, we also offer various institutional account types based on trading volume. Please contact us for more details.

Who is placing the trades on my account? Do the experts know about my account?

None of the Traders that recommend trades will ever know your account's existence. ZuluTrade receives their recommendations, and checks the Traders you have subscribed with in your account profile, and decides whether or not to autotrade their advice in your Live account using a secure direct connection with the broker's backend. ZuluTrade's patented engine places trades automatically with no human intervention. ZuluTrade service is server based, in other words you don't even need to have your computer on.

Are the results hypothetical? There are a lot of websites that claim all kinds of results...

Every signal received by ZuluTrade is executed on at least one demo broker account. The results contain final spread, swap rates and profit or loss from closed positions in the account. The spread is the standard spread advertised by the broker you're trading with. Due to a variety of factors outlined in the disclaimer found at the bottom of the page, sometimes results may vary between accounts. All signals and trades executed on a demo account are considered to be hypothetical.

I already have an account with one of the dealing brokers you support. Why is ZuluTrade telling me that I cannot use this account? Signing the RB form doesn't work. Do I need to open a new account? What’s wrong?

This is because when you opened this account, there was a party that acted as a Referring Broker (RB). Your dealing broker cannot remove that Referring Broker from your account and replace it with ZuluTrade as the new one (legal issues). You need to open a new account and set ZuluTrade as your Referring Broker. Click here to open a new account already setup for ZuluTrade.

Why do I need to type my username for the broker platform I’m trading with? Is there any danger for anybody to steal it?

No, there is no danger. We will never ask you for your password. But even If your password was stolen, it is not possible for anyone (including ZuluTrade) to withdraw funds from your account. This is because your broker, who always wires funds to the beneficiary of the account ONLY, is the one who had opened the account

What is a pip?

A pip is the minimum movement of a currency upwards or downwards. For forex, the pip value calculation is performed as follows:
Pip Value = (Pip in decimal places * Trade Size) / Market Price

What is the minimum deposit to open a new account?

It depends on the broker, but generally you can start with as little as $300.

I logged into my account. How many Traders should I trade with?

When you login to your account, you will be asked to set your Risk Meter Bar and add traders to your portfolio. Based on the percentage of risk that you will set at your Risk Meter Bar, trading size will be automatically allocated for the traders you will add. If the percentage you have set is not enough for all traders, some of them may have 0 lots allocated. You can always change the percentage of the Risk Meter Bar, or remove traders, so as to set your portfolio as per your preference.

Can you add more Traders?

I have opened a new account with my broker. How do I know everything is ok?

Your broker will send you an email confirming that we are the Referring Broker, and that your account is ready. Then, you log in to ZuluTrade and configure your trades.

What is ‘spread’ and why do all my trades start off with negative pips?

The spread in the Forex currency trading market, refers to the difference between the ‘bid’ price for the currency and the ‘ask’ price.
Each traded currency pair opens with the spread. So if the spread is 5, then your trade will open at –5 pips.

What do Traders and Affiliates do? And how do they receive commission?

A Trader places trades on his or her account, and all clients that have selected this Trader in their account settings page receive these trades on their accounts, unless they do not have enough usable margin, or have their max open lots set to low. Traders provide signals for all clients who select them in their accounts settings page.
Affiliates choose a designated URL (web page) to advertise ZuluTrade and draw clients to use our revolutionary service.
Traders get 0.5 pips for each traded lot of his or her own signals ONLY. So Trader signs up, sends signals, and passively waits for clients to use their signals, trying to have good performance to attract them.
An Affiliate gets 0.4 pips for each traded lot of the clients that signed up through his website, for ANY signal. So Affiliate signs up, and starts advertising their website to attract clients to ZuluTrade.

Programs

Features

This site is not intended to be a solicitation of transactions to customers living in the United States of America.

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. Because the risk factor is high in the foreign exchange market trading, only genuine "risk" funds should be used in such trading. If you do not have the extra capital that you can afford to lose, you should not trade in the foreign exchange market. No "safe" trading system has ever been devised, and no one can guarantee profits or freedom from loss.

The hypothetical performance results displayed on this website are hypothetical results in that they represent trades made in a demonstration (“demo”) account. Transaction prices were determined by assuming that buyers received the ask price and sellers the bid price of quotes Zulutrade receives from the Forex broker at which a Signal Provider maintains a demo account. The hypothetical results do not include any additional mark-ups or commissions which may be charged by a customer’s Forex broker and are based on a one lot trade size. Trades placed in demo accounts are based on a Signal Provider having access to an unlimited amount of funds. As a result, demo accounts are not subject to margin calls and have the ability to withstand large, sustained drawdowns which a customer account may not be able to afford. Trades placed in demo accounts are not subject to price slippage which may occur when a signal is actually traded in a customer account. The number of pips gained or lost by each Signal Provider may be based on the trading of mini, micro or standard lots. The performance of customers electing to trade a different lot size from those used by a Signal Provider will therefore vary. Further, customers may place trades independent of those provided by a Signal Provider or place customized orders to exit positions which differ from those of a Signal Provider. All performance results presented only include the results of completed trades and do not reflect the profit or loss on open positions. Due to differences in the bid/ask offered by various counterparties, all trades executed in the account of a Signal Provider may not be executed in a customer account if the bid/ask of the Forex broker at which the customer maintains the customer’s account is different from that of the Signal Provider’s broker or due to volatility in the market. Customers may elect not to follow all of the trading signals provided by the signal providers or be able trade the recommended number of contracts due to insufficient funds in an account. Therefore, the results portrayed are not indicative of an account which may have traded all a Signal Provider’s signals or contracts. Further, by electing to follow a number of different Signal Providers at one time, customers may not be able to follow all of the signals generated due to the customer’s account having insufficient funds. Accordingly, the performance of customer accounts may vary signicantly from the results portrayed on this website.

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

[1] The Futures Commission Merchant ("FCM") and ZuluTrade are compensated for their services through the spread between the bid/ask prices or there may be a cost to initiate a trade through the bid/ask spread. Signing up is totally free, and there is NO contract and NO monthly fees, ever.

[2] Past performance is not indicative of future results. This website does not make any representation whatsoever that the above mentioned trading systems might be or are suitable or that they would be profitable for you. Please realize the risk involved with trading Forex investments and consult an investment professional before proceeding. The trading systems herein described have been developed for sophisticated traders who fully understand the nature and the scope of the risks that are associated with trading. Should you decide to trade any or all of these systems' signals, it is your decision. The performance results displayed on this website are hypothetical in that they represent trades made in a demonstration ("demo") account. The trades placed in the demo account take into consideration the spread between the bid and ask prices which would have been paid by a trader if an actual trade was made. Transaction prices were determined by assuming that buyers received the ask price and sellers the bid price of quotes provided by a large Forex broker.